Common use of Reliance on Authority Clause in Contracts

Reliance on Authority. A Person dealing with the Company, may rely on the authority of an officer of the Board or an officer of the Company in taking an action in the name of the Company without inquiry into the provisions of this Agreement or compliance with this Agreement, regardless of whether the action is actually taken in accordance with the provisions of this Agreement, unless the Person dealing with the Company has actual knowledge that the officer lacks authority to act or the Act establishes that the officer lacks authority to act.

Reliance on Authority. A Person dealing with the Company, Company may rely on the authority of an officer of the Board or an officer of the Company in taking an action in the name of the Company without inquiry into the provisions of this Agreement or compliance with this Agreement, regardless of whether the action is actually taken in accordance with the provisions of this Agreement, unless the Person dealing with the Company has actual knowledge that the officer lacks authority to act or the Act establishes that the officer lacks authority to act.

Reliance on Authority. A Any Person dealing with the Company, other than a Unit Holder or a Manager or an Affiliate of a Unit Holder or Manager, may rely on the authority of an any officer of the Board Manager or an any officer of the Company in taking an any action in the name of the Company without inquiry into the provisions of this Agreement or compliance with this Agreementherewith, regardless of whether the action is actually taken in accordance with the provisions of this Agreement, unless the Person dealing with the Company has actual knowledge that the officer lacks authority to act or the Act establishes that the officer lacks authority to act.